Permitted Licenses. Agent hereby covenants and agrees that in connection with any foreclosure or other exercise of Agent’s rights with respect to Permitted Licenses, Agent shall not terminate, limit, or otherwise adversely affect the rights of the licensees or sublicensees under such Permitted Licenses, so long as such licensee or sublicensee is not then otherwise in default under the applicable Permitted License in a way that would permit the applicable licensor to terminate such Permitted License.
Permitted Licenses to the extent constituting a Lien, the interests granted by Xxxxxxxx to HCA in the Cash Reserve Account pursuant to HCA Agreement.
Permitted Licenses. (a) Subject to the provisions of paragraph (b) below, LAPA shall have the right to license the use of the Entertainment Space and/or Parking Facilities to other parties for the purpose of presenting Events (a “Permitted License”). A holder of a Permitted License may be referred to herein as a “Permitted Licensee”. Each Permitted Licensee shall be entitled to receive in connection with its performances all of the services which are to be provided under this Lease to LAPA in connection with Events presented by LAPA. LAPA may not, however, use Permitted Licensees to fulfill its obligations under Section 6.5 hereof (except as provided herein).
(b) If LAPA intends to enter into any Permitted License which would be effective from and after January 1, 2006 and which would grant to any Permitted Licensee the right to produce four or more Events in each Lease Year during a period of two or more consecutive Lease Years, it shall do so only after notice is given (and an opportunity to submit qualifications and proposals) to potentially interested parties for such Permitted License. County shall be given Notice of such process and a County representative selected by the CAO shall be entitled to participate in the selection process and in any recommendation to LAPA along with other evaluators selected by LAPA, which shall include at least one evaluator selected by the Chair of the LAPA Board of Directors. LAPA need not make its final determination solely on the basis of anticipated revenues from any such Permitted Licensee but shall advise all interested parties and County of its criteria in making the determination. Any agreement previously entered into between LAPA and any other party which would grant any such rights from and after January 1, 2006 shall be void and of no effect to such extent.
Permitted Licenses solely with respect to the Borrower, the pledge of its membership interests in JPR Royalty Sub pursuant to the “Pledge and Security Agreement” (as defined in the JPR Indenture as in effect on the date hereof);
Permitted Licenses. Anything in the Loan Agreement or this Agreement to the contrary notwithstanding, Borrower may grant non-exclusive licenses of the Trademark Collateral (subject to the security interest (if any) of Secured Party therein) in the ordinary course of business consistent with past practice.
Permitted Licenses. (i) Asset Dispositions by any Borrower to another Borrower, (ii) Asset Dispositions by any other Credit Party or Subsidiary to a Borrower or another Credit Party (other than Holdings) and (iii) Asset Dispositions among Restricted Foreign Subsidiaries;
Permitted Licenses. Liens arising from attachments or judgments, orders, or decrees in circumstances not constituting an Event of Default under Sections 8.4 and 8.7;
Permitted Licenses. With respect to each Permitted License, all upfront payments, royalties, milestone payments or other proceeds arising therefrom that are payable to Borrower or any of its Subsidiaries shall be paid to a Deposit Account that is held at Bank or governed by a Control Agreement.
Permitted Licenses. Lender covenants and agrees that in connection with any foreclosure or other excercies of Lender’s rights with respect to Permitted Licenses, Lender shall not terminate, limit or otherwise adversely affect the rights of licensees or sublicensees under such #32619088 v1 Permitted Licenses, so long as such licensee or sublicensee is not then otherwise in default, under the applicable Permitted License in a way that would permit the applicable licensor to teriminate such Permitted License.
Permitted Licenses. (ix) Transfers by any Borrower to another Borrower, and transfers by any Subsidiary of a Borrower to a Borrower; (x) sales, forgiveness or discounting, on a non-recourse basis and in the ordinary course of business, of past due Accounts in connection with the settlement of delinquent Accounts or in connection with the bankruptcy or reorganization of suppliers or customers in accordance with the applicable terms of this Agreement; (xi)to the extent constituting a Transfer, the disposition of cash and cash equivalents to make Permitted Investments; (xii) dispositions consisting of the use or payment of cash or cash equivalents in the ordinary course of business and in a manner that is not prohibited by the terms of this Agreement or the other Loan Documents; (xiii) involuntary dispositions resulting from any casualty or other insured damage to, or any taking under power of eminent domain or by condemnation or similar proceeding of, any property or asset of (i) a Borrower or any Subsidiary of a Borrower or (ii) a customer or other Person being held by a Borrower or any Subsidiary of a Borrower; (xix) [reserved]; (xx) the Tussionex Disposition; (xxi) the Grand Prairie Facility Closure; (xxii) transfer of MiOXSYS Analyzer, MiOXSYS Sensors as well as all Intellectual Property related thereto, know-how, copyrights, technical information and similar rights pertaining to MiOXSYS Analyzer and or MiOXSYS Sensors, in each case, pursuant to the terms of that certain Asset Purchase Agreement between Aytu BioPharma, Inc. and UAB Caerus Biotechnologies dated July 2, 2021; (xxiii) leases or subleases of real property or equipment in the ordinary course of business and in accordance with the terms and conditions of this Agreement; (xxiv) other dispositions approved by Agent in writing from time to time in its sole discretion; and (xxv) Transfers of inventory or products required in connection with the manufacturing of such inventory or products or the performance of clinical studies in respect thereof, in each case, in the ordinary course of Borrower’s business in accordance with past practices.
